IPhone X Made 5x the Profit of 600 Android OEMs Combined

IPhone X Made 5x the Profit of 600 Android OEMs Combined

Counterpoint recently released the results of their research which covered the last calendar quarter of 2017.According to the research, Apple has taken the top spot in the smartphone profit market yet again.

AAPL has been the subject of a number of research reports.

"The share of the iPhone X is likely to grow as it advances further into its life-cycle", Counterpoint Analyst Karn Chauhan said.

Interestingly, the iPhone X generated 5 times more profit than the combined profits of over 600 Android smartphone makers during the fourth quarter of 2017.

In fact, the report details that Apple's 10 anniversary-edition iPhone X alone generated close to 35 percent of the total handset industry profits. Today we learn that Apple has once again racked up the most profits in the smartphone industry for Q4 2017 in blowout fashion. Thanks to a host of budget smartphones on offer by Chinese OEMs, their cumulative profits crossed US$ 1.3 billion during Q4 2017. There is also a rumor that Apple may choose to split the launch and the follow-up for the iPhone X could get launched as early as June or in the early third-quarter of 2018. Of course that's nothing new for Apple who is known to be the most profitable smartphone company in the world by a wide margin. Just look at this picture of 20 embarrassing iPhone X copycats in a single image.

Still, Apple products accounted for eight of the top ten best selling smartphones.

Previously, the analyst Ming-Chi Kuo appeared to cast doubt on an iPhone SE 2 back in January, saying that Apple wouldn't have the internal resources to develop a new model.

Much of this was fuelled by the success of the iPhone X which alone generated 35 per cent of the total smartphone industry profits.

On Wednesday, Consomac reported on a new filing that details a total of 11 different iPhone model numbers have been approved by the EEC.

Spotted by MacRumors, none of these codenames correspond with any of Apple's existing devices and device codes like this have been able to give up secrets like the existence of new iPads prior to their launches. For the next year, analysts expect that the company will report sales of $265.31 billion per share, with estimates ranging from $240.25 billion to $275.32 billion. Huawei emerged as the leading brand among all the Chinese brands, as the company's profit increased by 59 percent (YoY).

Another interesting takeaway from the report is that the last quarter also proved to be fruitful for Android smartphone makers which not only increased their profits, but their revenues too. But the trend seems clear and helps to shed a more positive light on those lower than expected iPhone X sales.

Related News:

  • Twins, Indians Getting 26th Players for Puerto Rico

    Twins, Indians Getting 26th Players for Puerto Rico

    Minnesota starter Jake Odorizzi (1-1) gave up six hits and four runs, all of them coming across on homers, in five-plus innings. Lindor and Minnesota's Eddie Rosario were the Puerto Ricans in the lineup, and favorites of the sold-out crowd of 19,516.
    Hundreds of internet users crowdfund Elon Musk $5000 for a new sofa

    Hundreds of internet users crowdfund Elon Musk $5000 for a new sofa

    Tesla says shutdowns are common when a new model is launched and will improve production rates. Tesla shares dropped 1 percent to $287.80 in morning trading.
    India Condemns Pakistan's Attempt to Use Pilgrims

    India Condemns Pakistan's Attempt to Use Pilgrims

    The embassy officials went to meet the Indian pilgrims as a standard practice to help them out with consular duties and emergencies.
  • ECJ rules that Poland breached European Union  nature laws in ancient forest

    ECJ rules that Poland breached European Union nature laws in ancient forest

    Poland said logging was necessary to contain a spread of spruce beetle allegedly threatening Natura 2000 areas in the forest. No fines were imposed because the machines have been removed and the excessive logging has stopped.

    IDF fires at terrorists operating on Gaza border fence

    Protests erupted the night of March 26, and it is estimated that over 25 Palestinians have died since demonstrations began. Hamas leader, Ismail Haniyeh, has claimed that even with mounting casualties, the protests will continue until May 15.
    Locals react to E.Coli outbreak

    Locals react to E.Coli outbreak

    A spokesperson from Culver's said they are looking into lettuce other than romaine and hope to be selling salads by next week. CDC also advises shoppers to dispose of bagged chopped romaine lettuce or salad mixes that contain romaine.
  • MI vs DD: Who won today's IPL match and why

    MI vs DD: Who won today's IPL match and why

    But soon after that, Rahul Tewatia applied the brakes and send Lewis back, who was caught by Jason Roy at mid-off. DD Squad: Gambhir, Roy, Iyer, Pant, Maxwell, Shankar, Christian, Tewatia, Nadeem, Shami, Boult .
    The Queen's corgis are dead

    The Queen's corgis are dead

    She started breeding them a few years later and all her dogs are descended from Susan, the dog she was given on her 18th birthday. In 2015, the Queen chose to stop breeding the dogs, reportedly because of fears she might trip over them and be hurt.
    OPCW experts unlikely to enter Douma on Wednesday - UN source

    OPCW experts unlikely to enter Douma on Wednesday - UN source

    Syria and its ally Russian Federation deny any chemical attack took place - with Russian Federation calling it a "staged thing". Syrian media is now attributing the incident to a false alarm, and not a missile strike from an unknown attacker.
  • Mahindra launches XUV500 facelift tomorrow; Top things to know

    Mahindra launches XUV500 facelift tomorrow; Top things to know

    Under the hood, the 2018 XUV500 gets a 2.2-litre, 4-cylinder mHawk diesel engine producing 155PS of power and 360Nm of torque. The refreshed model has bold design, luxurious interiors , and a powerful engine targeting the needs of premium customers.
    Billboard Music Awards Latest News, Photos, and Videos

    Billboard Music Awards Latest News, Photos, and Videos

    Buddy Iahn founded The Music Universe when he made a decision to juxtapose his love of web design and music. The finalists and award winners are determined using data reflecting a 12-month tracking period.
    Lloyds axe 1200 jobs and will shut 49 branches

    Lloyds axe 1200 jobs and will shut 49 branches

    The average is taken over a specific period of time, like 10 days, 20 minutes, 30 weeks, or any time period the trader chooses. On the surface, it seems as though the higher/lower the 50-day moving average goes, the more bullish/bearish the market is.


Most liked

New Chrome 66 Released: Here Are the Top Features
There you will find information on the browser version that you are now using and how you can update to the latest version. Also, Google will now give out warnings if any third-party software is pushing a code into Chrome's process.

Fired FBI Director Comey and President Trump Trade Insults
He said he isn't hoping for Trump's impeachment because that would "let the American people off the hook ". He also said: "People in this country need to stand up and go to the voting booth and vote their values".

Reviewing Hot Stock of Yesterday- Annaly Capital Management, Inc. (NLY)
Finally, Capital Growth Management LP acquired a new stake in shares of Petrobras in the 4th quarter worth about $66,885,000. This is very handy information for corporate investors and stock traders for making wise decisions regarding online trading.

Video Goes Viral After Florida City Inspector Cites Business for Military Flags
Store managers said that, citation or no citation , the flags were staying. As for the business, they're not letting all the attention go to waste.

Morning Latest Analysts Reports: Microsoft Corporation (NASDAQ:MSFT)
The stock of Microsoft Corporation (NASDAQ: MSFT ) has "Outperform" rating given on Monday , July 17 by Credit Suisse. The rating scale runs from 1 to 5 with 5 indicating a Strong Sell, 1 indicating a Strong Buy and 3 indicating a Hold.

Internet: fast, lite, and private
Besides, there is an option to switch to private tabs to let users hide browsing history from their devices. The listing available on Google Play shows that the browser app works with Android 5.0 and above.

Ibrahimovic-World Cup Endorsement
LA Galaxy striker Zlatan Ibrahimovic is going to Russian Federation for the FIFA World Cup 2018. "I'm going to the World Cup , yes", he said.

BMW M2 Competition coming to delight purists, slay tracks
The seats are solid-backed race-style buckets with integrated headrests and incorporate an illuminated M2 logo at shoulder height. The sports exhaust gets fitted with two electrically controlled flaps to ensure the M2 Competition sounds dramatic as well.

Jose Mourinho set to drop Manchester United stars after West Brom defeat
The five teams directly outside the drop zone will probably feel 38 points will see them safe. It should be an interesting transfer window at Old Trafford.

Margaret River Pro surfing event cancelled after WA shark attacks
Surf Life Saving WA said a shark was spotted at 8.45am local time at nearby Cobblestones surfing spot. Very risky do not you think? "The safety of our surfers and staff is a top priority for the WSL.

Durant, Thompson lead Warriors to a 2-0 series lead on Spurs
In this edition of the Warriors Report, we go through 3 takeaways from the Warriors' 116-101 victory over the San Antonio Spurs . The Spurs have not won on the road in their last ten games, since February 25th when they defeated the Cavaliers in Cleveland.

More than 95% of world's population breathe risky air, major study finds
The analysis found that China and India together were responsible for over half of the total global attributable deaths. The report states that residential biomass burning was the largest individual contributor to disease burden in India.

Facebook shows dangers of giving up our privacy
Zuckerberg acknowledged that Facebook put users' privacy at risk during the 2016 presidential campaign, but defended his company. Facebook said it scoops people's information outside their network, regardless of whether one has a Facebook account or not.

CIA Chief Pompeo Met with Kim Jong-Un, Media reports say
Officials signal Trump is open to considering exempting Japan from new steel and aluminum tariffs that Abe opposes. But it is unusual for the North to seek to broach the issue directly with South Korea rather than with Washington .

Macron likens political divisions in Europe to civil war
Addressing the EP in Strasbourg , Macron said his speech came at a time of "division and doubt" within "a number of European countries".